Shares of the Trump-aligned Digital World Acquisition Corp. surged in value on Monday amid speculation the former president could soon be indicted.
Former President Donald Trump speaks at a campaign rally in Vandalia, Ohio, on November 7, 2022, alongside a market screen, inset, on the floor of the New York Stock Exchange on August 25, 2015, in New York City. Trading on the Trump-aligned Digital World Acquisition Corp. was temporarily halted Monday afternoon after rapidly increasing amid speculation that Trump could soon be indicted.After the stock's value dropped to the record-low $12.
over the Manhattan investigation on Tuesday, urging his supporters to"protest." Trump has maintained his innocence in the case, which he calls a politically motivated"witch hunt." Manhattan District Attorney Alvin Bragg, however, has not confirmed any plans to arrest or indict Trump, and the grand jury investigating the hush-money payment reportedlyFurthermore, a Trump spokesperson told Reuters that the former president was not notified of any arrest, and Trump has not provided evidence of the"illegal leaks" he said indicated the likely arrest.
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